wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

College Math Chapter 11 Review

Total questions: 35

Worksheet time: 3hrs 55mins

Name
Class
Date
1.
a)

A

b)

B

c)

C

d)

D

2.
a)

A

b)

B

c)

C

d)

D

3.

On a biology test, a student got 25 questions correct but did not pass. On a second attempt, the student got 31 questions correct. What was the percent increase?

a)

6%

b)

24%

c)

19.4%

d)

76%

4.

By switching service providers, a family's telephone bill decreased from about $50 a month to about $45. What was the percent decrease?

a)

10%

b)

11%

c)

5%

d)

11.1%

5.

69 is 30% of what number?

a)

23

b)

230

c)

2300

d)

20.7

6.

What is 85% of 233?

a)

19.81

b)

198.05

c)

19,805.00

d)

1980.50

7.

43% of what number is 65?

a)

66

b)

1511.60

c)

151.16

d)

0.66

8.

900 is what percent of 1738?

a)

51.78%

b)

0.52%

c)

193.11%

d)

0.05%

9.

The regular selling price of an item is $167. For a special year-end sale the price is at a markdown of 20%. Find the discount sale price.

a)

$139.17

b)

$200.40

c)

$33.40

d)

$133.60

10.

A particular car gets fuel mileage of 30 mpg in the city and 12% more on the highway. What is the car's fuel mileage on the highway?

a)

42 mpg

b)

3.6 mpg

c)

33.6 mpg

d)

30 mpg

11.

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)

p = $80,200, r = 6%, t = 5 years

a)

$2673.33

b)

$24,060.00

c)

$96,240.00

d)

$2406.00

12.

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)

p = $460, r = 10%, t = 11 months

a)

$506.00

b)

$4.18

c)

$4216.67

d)

$42.17

13.

Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.)

p = $1275, r = 9%, t = 15 days

a)

$4.78

b)

$1721.25

c)

$4.46

d)

$478.13

14.

Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary.

p = $2600, r = ?, t = 4 years, i = $988.00

a)

r = 9.5%

b)

r = 0.1%

c)

r = 10.53%

d)

r = 20.9%

15.

Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary.

p = ?, r = 4%, t = 45 days, i = $43.93

a)

$8920.23

b)

$2928.67

c)

$292.87

d)

$8786.00

16.

Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary.

p = $12,320, r = 2%, t = ?, i = $739.20

a)

3 years

b)

2 years

c)

4 years

d)

5 years

17.

John forgot to pay his $355.00 income tax on time. The IRS charged a penalty of 3% for the 75 days the money was late. Find the penalty that was paid. (Use a 365 day year.)

a)

$357.19

b)

$2.19

c)

$2.16

d)

$0.12

18.

Annie's cafe borrows $6600 at 6% for 240 days. Find the total amount that must be repaid after 240 days. (Use a 365 day year.)

a)

$6860.38

b)

$6626.04

c)

$9203.84

d)

$6996.00

19.

Use a day counting table to find the exact number of days from the first date to the second date. Assume the year is not a leap year unless otherwise indicated.

September 11 to November 23

a)

104

b)

72

c)

73

d)

327

20.

Use a day counting table to find the exact number of days from the first date to the second date. Assume the year is not a leap year unless otherwise indicated.

February 23 to October 16

a)

289

b)

235

c)

253

d)

254

21.

Use a day counting table to find the exact number of days from the first date to the second date. Assume the year is not a leap year unless otherwise indicated.

August 25 to March 8

a)

171

b)

170

c)

195

d)

237

22.

Use the compound interest formula to compute the total amount accumulated.

$800 for 5 years at 7% compounded quarterly

a)

$872.49

b)

$1122.04

c)

$1080.00

d)

$1131.82

23.

Use the compound interest formula to compute the total amount accumulated.

$2000 for 5 years at 5.5% compounded monthly

a)

$13,192.10

b)

$2105.13

c)

$2046.26

d)

$2631.41

24.

Brad invests $7900 in an account paying 6% compounded monthly. How much is in the account after 4 months?

a)

$8059.19

b)

$7913.14

c)

$9973.57

d)

$8054.94

25.

Sumi Kato's savings account has a balance of $2327. After 13 years what will the amount of interest be at 2.5% compounded annually?

a)

$869.80

b)

$886.80

c)

$3025.10

d)

$880.80

26.

Determine the effective annual yield for $1 invested for 1 year at 3.5% compounded semiannually.

a)

3.55%

b)

3.5%

c)

3.53%

d)

3.56%

27.

How much money should you invest now to have $8000 in 10 years if you invest the money at a rate of 7.6%, compounded semiannually?

a)

$3794.40

b)

$5509.55

c)

$1799.68

d)

$4000.00

28.

To start a new business, Eric invests $765.13 each month in an ordinary annuity paying 7% interest compounded monthly. Find the amount in the annuity after 6 years.

a)

$68,984.84

b)

$30,551.72

c)

$68,219.71

d)

$67,454.58

29.

Sandra deposits $3000 in an ordinary annuity at the end of each semiannual period at 4% interest compounded semiannually. Find the amount she will have on deposit after 11 years.

a)

$74,349.95

b)

$78,896.95

c)

$81,896.95

d)

$42,077.42

30.

Mary needs $9000 in 11 years. What amount can she deposit in a sinking fund at the end of each quarter at 4% interest compounded quarterly so she will have her $9000?

a)

$159.35

b)

$163.84

c)

$667.34

d)

$168.55

31.

On March 8, you sign a $6000 note with simple interest of 9% for 240 days. You make partial payments of $1100 on May 26 and $2300 on July 31. How much will you owe on the date of maturity?

a)

$2875.54

b)

$2856.91

c)

$2867.83

d)

$2876.94

32.

In order to make some home improvements, a home owner spent $20,000. He paid 10% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 4.5%. Determine the home owner's total finance charge and monthly payment.

a)

Total finance charge = $1065.60; Monthly payment = $529.60

b)

Total finance charge = $1276.20; Monthly payment = $535.45

c)

Total finance charge = $2562.00; Monthly payment = $626.72

d)

Total finance charge = $3092.40; Monthly payment = $585.90

33.

A restaurant owner purchased a new dishwasher for $3500. She paid 8% down and financed the balance with a 12-month fixed installment loan with an APR of 8.5%. Determine the total finance charge and monthly payment for the loan.

a)

Total finance charge = $182.70; Monthly payment = $306.89

b)

Total finance charge = $150.05; Monthly payment = $280.84

c)

Total finance charge = $159.07 ; Monthly payment = $281.59

d)

Total finance charge = $247.62; Monthly payment = $288.97

34.

A student has a total of $2500 in student loans that will be paid with a 48-month installment loan with monthly payments of $61.62. Determine the APR of the loan to the nearest one-half of a percent.

a)

8.5%

b)

7.5%

c)

8.0%

d)

9.5%

35.

A college student purchased a used car for $4000. He paid 15% down and then paid 18 monthly payments of $200.30. Determine the APR of the loan to the nearest one-half of a percent.

a)

8.5%

b)

7.0%

c)

6.0%

d)

7.5%